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HomeMy WebLinkAbout0968 l ~tt~~K~t('~~tf ~•t\I~ Hutruwc•r.~n~llcntlrt.~~~e~~.~nt.~n~l.i,~~~~ .i~l~~?;,~~~~ 1. F'ayment of ~'rinciprl and Intcrc~l: t'rcpa~mc~nt and L~tc ('harKcti. H~~n~,Hr: .1~.~I1 ~,~~,ni{~il~ uhr~~ ~lur ihr E~nn~?~~al ul an~1 intrrr~l un thr ~irht r~ici~n~r~1 h~ thr'~~~~r ancl .in~ ~,irl,.+~mrnt .~ni1 lair ~~~er fr, ~1ur un~lrr ilir \,~~r 2. F'unds forTaxes and Insurance. ~uh~rc~ t~~,~~,~,i~r,+hir law ~~r t~~;i W nt~rn ~~.u~rr h~ [ cn~irr. H~~rr~.Hrr .h,~ll t~~ l.r~:Jrr un the ~1~~ m~~nthl~ E~aymrnt~ arr Jur un~lrr 1hr tiu1r, until thr \utr ~,:u~l rn fuil, ,urn I"f ui~~1,"1 ryu.~l f,~ ~~t?r.-t~ctfth uf l;t) yiarl~ ta~rti :tncl e~~r~vncrit~ Hh~ch ntay :iti:iln ~n~~nt} ~»rr thi~ Sr:?int~ In~t~u:nr~u. ii~? ~carl~ 1ra+rhi~W ~~a}r.~:•r,t• i~r gr:~un~1 rrnl~ un ~hr Pn~~rrty. ~1 :u?), trari~ h.v.~r~1 in.ur.ui~r ~ur~n~uni, an.1 IcS) <<arl} murtb.?ge imura~iir premiutm, if an) I hc~~r ~lrm~ asc ~aIIrJ "e~~ruH itrin~ r~i~lrr nta~ r~U~n.~tr thr I unil, ~1ur ~~n thr hs,i. ~~`rurrent data :~n~f rra,unahlr rti~?matr~ ~~f fu~urr r.i ru~ itrni, Ihc I unJ. ,halt Fx~ hritl in .±n in.litutiu~~ thr ~ir~~i~u~ ut :iicuunt. ~~t ~~hich ,~ir in,urr~i ur ~~i,ir.~ritrcc) hti tc~lrr.~l ~~r .t.~tr.~?:rni~ Iinclu~linE i rn~iri il t rn~lrr n.u~h:~n in,t~tut~~m1 ! rn~1c•r .h:~ll:ip~l~ ihr ! un~l. ~u ~~a~ ~hrc,.~~~ti itriu, ~~:uf~•t ~n.~~ nut ih:ir~:i~ ti,~ hvlilin~; a~~~1 .~~~~l~in~ thr ! t:nJ., :~n.~l~ nn~; ihr a~iuunt ur ~ri ~l~~n~ thr r.i uc:n,. ~:nlr,. I rn~fr; }iuiiu~~rr int~•rr,t ~,n lhr I uni}. an~1 :~E~~~liiahlr ~x?nut, l rn~irr tu m.~~.r .urh a rt~ar?~r rhai~r a..r,.r~ h~ I rnitri ii~ :unnritunt ~~ith li~~rru:i.s.'rn~rnn?~ intu th~, k•:unl~ In,t:untrnt tu ~i:~~ thr ~u.t uf .~n in~lr~~rnilri~t t:+~ r<<~~~~tinE.ri~icr .hall tiut tk a:h.i~~r iur ~ur~~~.r. ut thr ~:r~r~ina u•ntrnrr (3unuurr .~n~l t rn.trr m.~~ :tcrrr cn ~~nt~n~ th:u intrrc•.t .h:~ll hc• ~~n thr I un.t. ( iilc...~n :i?~~rrntrnt i. ~n:~.lr ~:r .~~~~li.ahlr l.~H try~utr. ~nirtr~t !u hr r~.iiil. I rn~lcr ,i~:?!1 nut Fx• tryunr~l t,~ (~:i~ li~~r~~~~~rr :in~ i?itc•~r.t rair~in~;, u?; ihr I un~l. ( rie~lct .h.~ll ~~~r tu Iturr~n~rr. ~~ithuiu .h.~t~r.:~n ennu.~! .i~~~,unti~~i ~~f c hc• 1 un~1. .h;n~ ini ~'rr.Lt. an~l ~lrhil~ tu llt~ I un.1, anil thr rut~u,c tut h~i h r,l: h ~lrhit tu ?hr 1 un~l. ~+a. ni,ufr I}ir I ur~1. air ~Ic.tt~.'. ,::lilit~un.~l ~r.uiu~ ~ur thr ,um. x'culr~i h~ Ihi, k•iu~it~ In.uurnrnt If thr amciunt uF the f=un~1, held h~ l.rndrr, t~~grthrr v?ith thr futurr rnunt~il~ mrnt. ~~f E-un~1~ ~a~ahlr E~n~~r t~~ thr dur ~iatr~ ~~f thr r~~r<~w ~trmti, ~hall ricerd thr arnuunt rrywrc~l t~~ ~;i} ~hr r,~ru~~ urmt w hrn dur, thr r<<c,~ .tial! hc. at Fi~,rr~,wrr', ~,~u~,n, rither {~rum~tl~ rrpai~l ti~ Eic~rrc~Ker c~r ~rr~i~tr~i tu 13urruwrr ~m m~mtfil? ~,:i~n~cnte ~,f f=unci~ If thr amc~unt ~~f thr f=unJ. held bv l.rnder ~ti nut ~UPFliittll It~ ~:1) IIIC t~ifuN itrm~ whrn due. l~urruw~r.hall {~a} t~~ Lrndcr an~ a?ntnint nr~r»~ry ~u rnakr up thr drti~irn~~ in ~~nr ur ?n~~rr rnri~t~ a~ reyuirecl h~ Lrndrr. l;Fxm pa~ment m fulf uf :~i1 ,~n~~ tircurr~l h~ th~~ Srcunl~ Inti?rurnrnt, l.endr; ~hali rrum~tl~ rrfun~l t~~ 13~~rn~wrs sn} Fundti hcld b~ Lrndrr tf under paragraph 1~ thr Pm~rrt~ iti ~~~Id ~tir ~~yuired b~ Ltndrr, i.enc~rr till:ill :t~l(lI), fti~ I3ICf than immrdi~tel~ pn~~r ti? the ,alr uf thr 1'r~,prrt~ c~r it~ ~:yuiti~::~~r? h} Lrn~lrr, ar+~ F un~7. hrld hy Lrn~itr al Ihr umr +~f a~plicatum 3~ a ~red~t aga?n~t the ~um> >r~ured h~ lhi, Sri unt~ In~trumrnt 3. Application of Payments. L~nlcti~ ap~li~ahlr i.iw ~ru~icfe, uthrra~,r. .,li pa~mrnt~ rr~r~~rci b~ l rncirr un~lrr ;~araKraphti 1 and 2~hail he applied fir,t, te~ latr charKeti ~1ur un~frr thr ti~ite, ~er~md, t~~ ~rr~a~ mrnt chary;r~ due un:ler tt~,• `utr, third, t~~ am~~unt~ ra)ahir un~ler rar~gra`h f~~ur?h, t~~ ~ntrrr.t dur. and I~~t, tu pnnr~~ai ~iur 4. C'harKes; Liens. f~<~rr~~wer .halt p~y aii ta~rti, a~~rti~rnrnlti, ihargr.. ftnr~ artd ~rt~~x~.it~~~n; attnbwahlr t~~ thr Pr.,r,rrt~ ah~~•h m.~~ atta~n nr:cir~t~ ~~~rr 1hn Seiunt~ In~irumrnt, anJ Ira~rhul~ paymen;~ ur gruun~! rrntti, if sn~ E3~~rr~~uer tihsll ra} th,u ~~h;igati~~nti in thr niazinrr ~ru~~tied in rar.?gr.~~h c~r if m~t rsid ~n that rn:~nnrr. ~i<~rruv?rr tiha?1 ~a~ them ~~n timr direcll~ t~, thr ~rn~~n i~Kt~ F1d~I11CIlI (3~~rruwrr ~hali ~rum~tl~ furni,h t~~ (.rndrr ail nutice, ~~f ~muuntti br paid under thn ~:uagraph If fi~~rn~~rr ni.~4,r, ~hr.r ~:~~rnrnt~ dirertl~, F~~~rrc~~rr .hali ~r~+m~tl} furn~lh tu (_rndrr ' sr~e~pt~e~idencingthr~-~s~ment~ f3<~rrc~urr ~hall ~rc~m~tly ~ii.iti:~r~:r,im l~rn NIlli}1 I)~1? ~n~,rit~ ~~~rr thi,Srrunt~ In~trumrnt unlrti~ t3~~rrc~wrr (a) :tgrrrs ~n wnt~ng t~~ thr ~a~ mrnt e~1 thr ~~hlt~tat+~~ii ,r.urrel h~ thr hrn ~n a n~anncr arcr~lahlr I~~ I.rn~ler. Ibj ce~nte~t~ in g~xk1 fauh the hrn h~. ~~r drfrn~l. ~tKa~ntit rnf~~r~rnirnt „I thr lirn m. IrKai nnkrrdin~;. Hhirh ~n thr Lrn~irr'ti upinum <~Peratr tn E~rr~rnt the rnfur~rrnrnt ~~f th; lirri ~~r f~~rlr~turr ~~f an~ ~art ~~f ~hr I'r~~~crty. ~~r Ic) ~r~urr; fr~~m thr h~~idrr «f the i?rn an agreemrnt ,~t~~(actur} t~~ Lrndrr tiuh,~r~finatin~ thr lirn t~~ thit ~rcurit~ intitrur;ient }f Ixn~frr ~lrtrrm~nrti ~hat an~ ~art c~t thr Pm~crt} tiuh~rit tu 3 l~en wh~~h nta} at1.~~n rnur;t~ ~~~rr ;t~i. Sriuri~~ Isititrumrnt. [ rn~lrr m:i~ K~~r E3~~rr~,Ner a nuucr iJei~ttf~~nY 1?ir !~e[i Hurr~~~rr ,hall .ati.l_. thc Lrr, ~,r tal.r ;~nr nr n~,~rr ,,f thr a:!i~,n~ •r! I~~rth .~ik~~r H~th~n 1~l ~~y~ c,l thcg~~inkuf ~i~~t~cr S. Har.~rd Insurance. I~~~rr~~wrr ,hal1 F.er~ thr ~mF~r~~~rmcnt: nru rti.tin f un c~~raltrr rrei[rd ur~ thr 1'ri~rrrt: imurr~ sgaimt I~,titih~ tire. hai~rd. in:lu~7ril ~~th~~i ~hr trrtn "rttrn~l;~l .~~~rr~~tr...inct ans ~~ttirr h.iiarciti fi~r uhirh 1_rn~ler rryutrr~ ?n4urartire Th~~ tntiur:~r+ir tih.~li hr rnairtte~~~r~l in thr .~n~,~un~, ~»~1 f~,r thr (~rn~~~ that Lrn~lrr teywrc~ The ~muran~e ~arnrr ~r~ti~iJing ~hr in,uran;r .'i.~l! he ~hu~cr~ h~ li~,•r„~rr ~u~~r~~ t;, i rn~+.rr', :e~.E,r~,~al uhi~h ~h~l! n~,l Fk unrr:~~~mahi~ M~thhrld :'111 in~ursnce ~~Itite~ an~1 rrnrwel~ .hall hr sri.~tahir t~~ ( rn~lrr ,in~1 .h.~ll in~ iu:1r ,?an,~r~1 m~irtgagr .lau~r Lt~~~rr tihall ha~c thr right t~~ hnlei thr ~c~l~~ir~ en~! rer;rH.~(~ If LrnJer rc•yu~rr,. t3~~r;~~a~~r tihall rrc~rn~ih ~i~r tr. !_rne~rr sU rect~pt~ ~~f pa~d ~+rrmium~ ;inel rrnra~l n<~ticr. 1n th<~ c~rnt :~I l~~... N~~rru.+rr ~h~ll Ki~e ~~rum~t n~~tire tu thr inwran~r .arner and (.rndrr Lrn~rr ma~ mal~r pr~r~f ~~f lrn. it n;~t rne~ie ~n?mj,tl~ h~ ti~,rruwrr l~nlr~ti Lrnder and E~+rre,wer 1~therui~r .t~rrr in wnt~ng. m,iir~n,r ~nker~3ti ~hell he a~~iirci t~~ rr~turan~,n ~~r rrp~ir ~~f the Pm~t~l) e1am3RCd, if thr re~tt~ratu~n ur rr~air i, r~~mumicail~ fra~ihir an~1 Lendrr'~ tiecunt} tti nut I~senrd (f thr retitur~u~m ~~r repair iti nut r~cmi~mi~ally fra~ihlr ~~r LrnJrr'. ~rrurit~ w~~uid br ir.~~nrd, the mtiuranre ~r<xeeds sha!! hr applied t~~ thr ~um~ tir~urcd hs thi~ Sr~unty Ir~titrurrirnt. Hhrthrr ~~r ~~~~t thrn .lur, wi~h an~ r~rr~ti pe~d tu Burruwer (f E3c~rre~wer ah~snQ~,r~ti the F'ru~crt~. ~~r .i~x~ nn1 ~n,urr aithin 3U ~1:», :i nutirr trrrn i.rn4er tha~ the in~~ran~r car~~rr ha` ~~ffered t~~ tirttle a~laim, then l enclrr Ria~ :ulle~t thr inwran~r ~r~krr.1~ Lrndrr ma; utir thc ~r~kre~iti tc, re~air ~~r rrtit~~rr the Prci~xrt~ ur tc~ ~a} ~um~ ~r~~ire.~ h~ thi, `ir~unt} In~trurnrnt, whrthrr :~r n„t thrn dur 1 hr 3O-~1a~ pcnuc] v?i!~ hrgin uhen the nnh;:e ~sgi~en l'nltti~ Ltnder and Bcirn~uer crtheru itir aitrre ~n w ntinK, s:i} a~~lirati<m ~rekerci, tu ~,nn~~~al tihail ni~t rttrn~l ur ~,tir~~ne thc due date of the m~>nthl~ pa} ment~ refrrrrd tu ~n ~,aragra~h~ l an~i ~:~r rh3nKr thr amc~unt uf ihr pa}mcnt~ (f undcr paragra~h 1~ the Prc~pert} ?ti a~yuirrd h} I_ender. Ei~,rr~,wer'~ nght t~~ an~ inwrancr Ex~ltcirt and ~nx-redti rr~ulnn~ fre~m damage tc, the ProFxrt~ pnc~r t~~ the acyui~~tiun tihall pa.~ to Lrrider t~~ the e~tent ~~f thr wmti.e~urcd h} this Serurit~ Instrument ~mmcdiatel~ pn~~r ti~ the acquis~uun b. Preser~ation and itaintenance of I'rope~ty; i,estseholds. ?3;~rr~~Nrr tihall ric~t ~irs~rE~y, ciamagr c~r suh~t.~nti:~ll} changc the Proptrty, allc~w the Pruperty tc~ deten~~rate ~~r rc~mmit Ma~tr If th~~ Sr~unt~ In~,~:um:nt i~ r,n a leatiehulei. F3c>rrc,ucr shall rumpl~ w~th tlir rm~~tiu>nti uf the Ieatir, and ~f E;~,rr«~er ~;yu~rrti fre titlr t~~ th: Pruprrt~. Ihe Ira~ehrt~l and fee t~tle shall n~t mergt unl~ti, Ltn~ier agrcrt t~~ thc mcrger ~n wnting 7. Protection of I,ender's Rights in the Propert}; ~1ort{~Re lnsur~nce. f3c}rrouer fail. te~ ~crf~~rm the ce~~enani5 ::nd agreements runtained ~n th~ti Se~unty Instrument. ~~r therc a lr~:~! ~r{kred~r~g ~h:~t ma~ ~igniti~snsl} atTr.t Lender's r~ghtc tn the Pn~perty 1~~ch as a prrxecding in hani~ru~tiy. pr~~hate. fc~r c~~ndemnan~~n ~~r t~~ enfur~e lawti ur . _ _ 1 _.-.i_, a,. l... ..,i.qr~....r .a_ .~,•.q.~..~ tn n ,.t..,-t thr t :~lii. ii~ lile- {~fttYle'fl\ :itl(~ ~.Cfil~~(~S T1Qfi1's - ` ` ` _ - , . ......,..b ...Jj ~:=j:-.t, _ _ . ~ L. _ , i.. ~c; ~n t~~c ¦ iv}+~~~• a.~:...~: - - . _ . - . ' - Intitrumcnt, ap~canng in court, pa}ing reasc~nahle attorne~~' fec~s and entcn;ig ~+n th~ Pr~~~ert~ ic~ make rc~:~sr~ Aithc~ugh l.cndcr ma} ta~.e ache~n under this pa~agraph Lender d~~ n~~t ha~c to ci~~ ~c~ Any am~>unts disbursed by !_endrr under this paragra~h ' Sh~ll hri~~mr .~~i~i~t~~~nal deht ~~f f3<~rr~~Ner tir~urcd h~ thiti Secunty Instrument l:nleiti f3~~rr~~v?rr and Len~fer agree t~~ ~~ther t~rrr~~ ~~f pa~mcnt, thc.e anr~un~..hall hear ir.trrr~t (r~~m thc date of di~burstment at the '.~ute rate ar~d tihall he C~~ahle. wi~h interr~t. ~~~n n~~hie fmm Len~ier tu B~~rr~~w~r rcyuc~nng paymcnt 30t~~ ~~7~7 i At,t J~ ~ - - ar~-_ -a..~ : ~ ~5 ~S.~`` T~I '6~°ra'e'a^wX'F,~ ~ 2~ L~_~~` `.J'~~.'~[-'~r.;.....'+s'~~.x'.'F.s~~~'xorzh. ~'t'~~^